KERNEL arbitrage between HTX and Binance: we compare the price of KERNEL on HTX (spot) and Binance (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About KernelDAO

Kernel is a suite of restaking products - Kelp LRT, Kernel Infrastructure, and Gain Kelp is a liquid restaking protocol with $2B+ in TVL, 500K ETH restaked, live on 10+ L2s and integrated across Aave, Pendle, Fluid, and many more key platforms. Gain is a vault product designed for users to maximize their earning potential - via different vaults like Airdrop Gain Vault, and High Growth Vault among others Kernel aims to redefine the restaking and decentralized finance landscape by building an interconnected ecosystem that seamlessly bridges security, liquidity, and rewards. By empowering stakers, developers, and protocols, Kernel strives to be the backbone of decentralized economic security on the BNB Chain and beyond

Decentralized Finance (DeFi), BNB Chain Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem

Over the past 24 hours the spread between HTX and Binance stayed between 0.70% and 17.31%, median 1.79% across 20 samples (futures to spot (basis)).

KERNEL: HTX — deposit open, withdrawal open; Binance — deposit open, withdrawal open.

Open interest in KERNEL right now — $3.5M: Binance $1.2M, BingX $1.2M, Bybit $462.7K, KuCoin $418.7K, Bitget $257.4K. See OI KERNEL.

About KERNEL arbitrage

How do I read the KERNEL spread?

The spread is how many percent higher KERNEL trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HTX and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get KERNEL alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.